Hidden Assets: The Impact of Non-Profit Organization on the Economy of Sault Ste. Marie

Abstract

In May 2003, the Community Economic and Social Development (CESD) program of Algoma University undertook a study of the non-profit sector in Sault Ste. Marie, to determine its contribution to the overall economy of the City. The study explored In order to determine what contribution the non-profits were making to the economy, the areas of revenue generation and disbursement; direct and indirect job creation; community capacity building through volunteer and staff development; and social capital development were explored. The study indicated that in In addition to the significant contributions to the City’s economy and concrete jobs created job creation, the non-profit sector provides substantial contributions to the quality of life of Sault Ste. Marie’s citizens. Findings indicate and t that this sector of Sault Ste. Marie’s economy could be grown through strategic investment.